| Squilliam said: how does that prove that increasing taxation would not increase revenue? |
http://online.wsj.com/article/SB121124460502305693.html
Because it never has. Don't ask me why, there are 100 reasons we can debate. The proof is that it never works.
I mean, look at the data for the last 60 years. How can you argue that? Tax the rich anything you want, and you will collect 19.5% of GDP from them.
If you want to collect more money from the rich, you need to figure out how to raise GDP, and not worry about there tax rate.
Ironically, most economists will say if you want to raise GDP, the best way to do it, is lower the tax rate on the rich. When you do, the rich pay less % of total taxes collected, but government generates more revenue.
So the answer is what do you want as a Government? More dollars, or a larger % of all taxes you collect to come from the rich?
For this instance, we want more dollars, as the cost is fixed, and they are looking for real dollars to pay for it (that they will never get).
